期刊名称：International Journal of Advances in Management and Economics
印刷版ISSN：2278-3369
出版年度：2013
卷号：2
期号：2
出版社：International Journal of Advances in Management and Economics
摘要：The paper uses three different estimates of the output gaps to obtain estimates of the Phillips curve on the basis of the Indian data. We use a modified Hodrick-Prescott filter with a non constant smoothing parameter. We allow the smoothing parameter to vary over time so that its value reflects the nature and magnitude of supply and demand shocks in India, although determining the exact value still remains a problem.
